LM Funding America, Inc.

Good day and thank you for standing by. Welcome to the LM Funding America's first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Cody Fletcher, Investor Relations. Please go ahead, sir.

Thank you, Operator, and thank you all for joining LM Funding America's first quarter 2026 earnings conference call. Joining us today are Chairman and Chief Executive Officer Bruce Rogers, Chief Financial Officer Richard Russell, and President of U.S. Digital Mining, Ryan Durant. An accompanying supplemental investor presentation has been posted under the Events section of our Investor Relations website. Before we begin, please note that today's remarks may include forward-looking statements. These statements are subject to risks and uncertainties, and actual results may differ materially. We will also reference certain non-GAAP financial measures. Please refer to our Form 10-Q for a full reconciliation of these measures to the most comparable GAAP measures and to our SEC filings and the investor section of our website at lmfunding.com backslash investors for a more comprehensive discussion of these and other risks. I will now turn the call over to our chairman and CEO, Bruce Rogers. Bruce.

Thank you, Cody, and good morning, everyone. The first quarter of 2026 saw us continue to grow and improve our operations in a softer Bitcoin environment. Since completing our site integrations in 2025, our focus has shifted to running our vertically integrated platform at scale. We mined 26.1 Bitcoin during the quarter, an increase from 22 Bitcoin in the fourth quarter of 2025. We did this with higher energized hash rate and continued improvements in fleet efficiency. In March, energized hash rate reached approximately 790 petahash, the highest level in the company's history. and the month delivered 9.6 Bitcoin of production, our strongest of the quarter. On March 31, 2026, our 338.2 Bitcoin treasury was valued at approximately $23.1 million. With the recovery in Bitcoin price since quarter end, our 334 Bitcoin treasury on April 30th was valued at approximately $25.3 million. and approximately $27.3 million as of earlier this week. Despite this trend, our market capitalization continues to trade at a material discount to the value of our Bitcoin holdings alone. While Bitcoin price weakness is driving the reported financial results, the underlying operating profile improved across every relevant measure. Bitcoin produced, energized hash rate, lead efficiency, and uptime. The first quarter of 2026 represents the first full period in which the platform we assembled in 2025 has operated at scale, and we are very happy with the numbers being produced. I'll now turn the call over to the President of U.S. Digital Mining, Ryan Duran. Ryan?